Homeโ€บDealersโ€บTD Precious Metalsโ€บHistoryโ€บAugust 30, 2019

TD PRECIOUS METALS GOLD PRICE โ€” AUGUST 30, 2019

๐Ÿช TD Precious Metals โ€” 1 oz Gold Bar Price (CAD)

C$2,112.52
Premium: C$95.00 (4.71%)

On August 30, 2019, a 1 oz Gold Bar from TD Precious Metals was priced at C$2,112.52 per troy ounce in Canadian Dollars. This included the CAD spot price of C$2,017.52 plus a dealer premium of C$95.00 (4.71%). The gold spot price fell by -13.79 (-0.68%) compared to the previous trading day.

PRICE BREAKDOWN โ€” AUGUST 30, 2019

ComponentPrice (CAD)
Gold Spot Price (XAU/CAD)C$2,017.52
TD Precious Metals Premium+C$95.00
TD Precious Metals 1 oz Bar PriceC$2,112.52

SPOT PRICE OHLC โ€” AUGUST 30, 2019

MetricPrice (CAD)
OpenC$2,024.82
HighC$2,032.52
LowC$2,014.33
CloseC$2,017.52
Changeโ–ผ -13.79 (-0.68%)

COMPARE DEALERS ON AUGUST 30, 2019

Dealer1 oz Bar (CAD)Premium
KitcoC$2,082.52C$65.00
Sprott MoneyC$2,095.52C$78.00
SilverGoldBullC$2,072.52C$55.00
TD Precious Metals โœ“C$2,112.52C$95.00
Royal Canadian MintC$2,127.52C$110.00
Border GoldC$2,087.52C$70.00
โ† August 29, 2019 ๐Ÿ“… All Dates September 3, 2019 โ†’

ABOUT TD PRECIOUS METALS

TD Precious Metals is the bullion division of TD Bank, one of Canada's Big Five banks, offering institutional trust. Visit the TD Precious Metals dealer page for current live prices. See the gold spot price on August 30, 2019 for the full market overview.

๐Ÿ“Š Market Analysis โ€” August 30, 2019

For Canadian investors, understanding the relationship between the USD/CAD exchange rate and gold pricing is essential. A weakening Canadian Dollar amplifies gold returns in CAD terms, while a strengthening CAD can dampen returns even when USD-denominated gold rises. Gold has historically outperformed during periods of negative real interest rates โ€” when inflation exceeds the Bank of Canada's overnight rate. Canadian investors use gold as a hedge against purchasing power erosion, particularly when CPI exceeds 3%. The correlation between gold and the inverse of real rates makes it a strategic allocation in balanced portfolios.

โ“ Frequently Asked Questions

โ“ What payment methods are accepted?

Canadian gold dealers accept bank wire transfers (lowest premiums), e-Transfer/Interac, credit cards (2โ€“3% higher premiums), and in some cases PayPal or cryptocurrency. Bank wire is recommended for orders over C$5,000.

โ“ How do I verify gold authenticity?

Reputable Canadian dealers like Kitco and Sprott Money sell only assayed products from LBMA-approved refiners. The Royal Canadian Mint includes anti-counterfeiting features on Maple Leaf coins including micro-engraved laser marks and radial lines visible under magnification.

โ“ Can I sell gold back to dealers?

Yes, most Canadian dealers offer buyback programs. Kitco, Sprott Money, and SilverGoldBull all purchase gold from customers at competitive bid prices, typically 1โ€“3% below spot price depending on product type and market conditions.

๐Ÿ’ก Canadian Gold Investor Guide

When to Buy and Sell Gold: Consider buying when gold-to-stock ratios are low and selling when gold exceeds your target allocation. Profit-taking near historical highs and reallocating to undervalued assets can lock in gains. Avoid panic selling during short-term dips โ€” gold rewards patient holders.

Storage Considerations: Home safe (for holdings under C$50,000), bank safe deposit box (limited insurance), or allocated vault storage through dealers like Kitco or Sprott Money (institutional security, insured). Each option involves different cost, convenience, and risk trade-offs.

โš–๏ธ Unit Conversions (CAD)

UnitPrice (CAD)
Per Troy Ounce (31.1g)C$2,112.52
Per GramC$67.92
Per KilogramC$67,919.00
Per Pennyweight (1.555g)C$105.63
Per Tola (11.66g)C$792.19

๐Ÿ“š Learn more: How to Buy Gold in Canada ยท Gold Tax Guide ยท 25 Year Price Analysis ยท All Guides